- Credo Technology Group introduces the Lark family of optical DSPs, enhancing AI infrastructure.
- Analyst predictions suggest a potential 77.46% upside for CRDO stock.
- Current analyst sentiment rates CRDO stock as "Outperform."
Credo Technology Group (NASDAQ: CRDO) is stepping into the future of AI with its new Lark family of optical Digital Signal Processors (DSPs). As these cutting-edge DSPs deliver exceptional performance and energy efficiency, they aim to revolutionize next-generation AI applications while overcoming power constraints in data centers.
Wall Street Analysts Forecast
With insights from 11 financial experts, the consensus one-year price targets for Credo Technology Group Holding Ltd. (CRDO, Financial) reveal an average target price of $76.91. This includes projections as high as $90.00 and as low as $50.00. Compared to its current market value of $43.34, this average target suggests a promising upside potential of 77.46%. For a deeper dive into these projections, visit the Credo Technology Group Holding Ltd (CRDO) Forecast page.
In alignment with these optimistic forecasts, 12 brokerage firms have collectively assigned an "Outperform" rating to CRDO, averaging a score of 1.8 on a scale where 1 signifies a Strong Buy and 5 indicates a Sell.
Furthermore, according to GuruFocus estimates, the GF Value for Credo Technology Group Holding Ltd (CRDO, Financial) is pegged at $56.53 over the next year. This represents a potential upside of 30.43% from its existing price of $43.34. The GF Value reflects GuruFocus' assessment of the fair market value, calculated by analyzing historical trading multiples, past business growth, and future business performance projections. For comprehensive insights, explore the Credo Technology Group Holding Ltd (CRDO) Summary page.
